Tag: SAPO

South Africa Post Office gets its house in order

The SA Post Office is slowly picking up the pieces after a year filled with controversy.

New chairman Vuyo Mahlati said this week that the Post Office was in the process of a major overhaul, from corporate culture to tender processes and a “brand recovery”.

It will also spend R800-million to R900-million a year on infrastructure investment.

Through a geographical information system, the Post Office is giving rural citizens postal addresses for the first time. According to the 2001 census, SA had 11.2 million households. Of these, only 4.1 million had street addresses, giving 63% of households no addresses.

The Post Office is recovering from a period of intense controversy following the suspension and later firing of former chief executive Khutso Mampeule, his criminal proceedings against his predecessor, Maanda Manyatshe, and a government-initiated forensic audit implicating a number of people in top positions at the parastatal. This includes the current acting CEO, Motshoanetsi Lesoka, and acting chief financial officer Nick Buick.

Read More

South Africa Post Office makes trading profit, but net loss

Defying all predictions the SA Post Office (SAPO) made a trading profit of R27 million this year, the postal services group said today.

This was remarkable not only because it was a turnaround from losses of hundreds of millions of rands in the last few years, but also because postal services internationally were in decline, Maanda Manyatshe, the chief executive, told reporters in Johannesburg.

However, although trading operations turned a profit, overall the group incurred a net loss of R74.7 million. This was due to the cost of post-retirement medical benefits, Manyatshe said. Manyatshe attributed the trading profit to the diversification of the services offered and a stricter control of operating expenses.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What is your top business priority?

Thank you for voting
You have already voted on this poll!
Please select an option!








MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest